Japanese investors are now pouring money into food companies in Vietnam, and seeing Vietnam’s food market as a potential and attractive growth industry.
Ezaki Glico Group bought 14 million shares, or 10 percent stake in Vietnam’s Kinh Do Group and according to its plan, the Ezaki Glico Group will announce distribution of a Japanese snack called ‘Pocky’ which will be imported from Japan.
Sojitz Corporation bought 51 percent stake in Huong Thuy Joint Stock Company to use its existing infrastructure to develop a distribution network for Kokubu products, along with food cooling equipment system.
Recently, Nihon Canpack reached an agreement with its Malaysian joint-venture partner, Kian Joo Can Factory Bhd, to buy 60 percent stake in Kian Joo Canpack Vietnam Company Ltd (KJCPV) at a cost of US$9.3 million to hold 100 percent stake in the company. KJCPV mainly produces beverages, coffee, tea, energy drinks, and canned fruit juices.